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Smart Shopper Credit Scores and Vehicle Financing
938 messages, Last post on Dec 04, 2009 at 12:03 PM
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Replying to: verdugo (May 13, 2009 8:42 am) |
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Replying to: mcb345 (May 13, 2009 8:12 am) Also it not only depends on total debt but how much are you obligated to it every month. If your expenses every month are a high percentage of your income them you might need a cosigner. Keep in mind the cosigner also has to have very good credit and have good debt service ratio. Otherwise, the only other thing left to do is to actually go and try getting that lease. That's the only way you will know. Good luck.
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Replying to: boomchek (May 13, 2009 9:29 am) Thanks for the help. I actually was approved for the lease without a problem after I was told I could still get a co-signer if I was denied. And yes I did just get in to the market a few months ago and yes it 25% returns may not be sustainable in the long run but 25% in two months lends one to want to gamble a bit more down the road. The DOW won't be staying in the low 8000's for long!
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Replying to: verdugo (May 13, 2009 8:42 am) Our stock club also bought 2000 Ford shares a few months ago at 1.93/share. Sold 1000 of them at 6.02, and the other 1000 at 4.86. That said, I wouldn't view it as my sole or primary financial management strategy. While there are bargains to be had, it's too volatile - way more volatile than paying off existing debt! |
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We now have an Affordability Calculator which helps you figure out the price range of the cars you should shop for based on your desired monthly payment: http://www.edmunds.com/apps/calc/CalculatorController?pmtcalAction=affordability- -
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Replying to: greensuv (May 22, 2009 9:56 am) Maybe that will keep people from looking at $30,000 cars when they want a $300/mo payment.
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Replying to: volvomax (May 22, 2009 1:06 pm)
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Replying to: Mr_Shiftright (May 22, 2009 1:13 pm) Depends for how long is the loan. 
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Replying to: verdugo (May 23, 2009 8:03 am) Nothing quite as painful as paying for repairs on a car while paying it off.
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I logged into my credit union this morning and noticed they are making our credit score available to us for free. I'm wondering with the info stated below, what the number really represents... As an exclusive benefit of membership, Alliant is making your credit score available to you free of charge to help you monitor and improve your creditworthiness. Your most recent available individual credit scores are listed below for the primary account holder. Credit Score features Experian Advanced Risk Score 2.0 Range: 150 to 950 Not a FICO score Updated quarterly Not a hard pull Will not impact your credit rating Please note: credit scores are fluid numbers that change as elements in your credit report change and there are many different credit scores used in the financial services industry.
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